Access Finance. Move Forward.
and Grow With Us
Our loan products are designed to support boda boda riders,
transport
operators, and members in achieving their goals.
Why Take a Loan With MN Transport SACCO?
Our loans are designed to support boda boda riders, transport operators and members to achieve their goals and improve their livelihoods.
Affordable Interest Rates
Competitive and fair rates for all members.
Quick Processing
Get a response within a short time.
Flexible Loan Products
Choose a loan that fits your needs.
Member Focused
We exist to support your growth.
Transparent & Reliable
Clear terms, no hidden charges.
Our Loan Products.
1Boda Boda Loan
• Initial Deposit: UGX 850,000.
• Payment for SACCO T-shirt: UGX 25,000.
• Repayment Periods: Flexible options of six months, one year, one and a half years and two years.
• Security: The motorbike itself serves as the security for the loan.
• Purpose: To help members acquire their own motorcycle to build a steady income.
• Payment plan: Weekly.
Requirements:
• LC1 letter.
• Stage letter for boda-boda riders.
• Business card if any.
• Two guarantors.
• National ID and passport photo for both applicant and guarantors.
• Must be willing to join the SACCO as a member.
• Payment for SACCO T-shirt: UGX 25,000.
• Repayment Periods: Flexible options of six months, one year, one and a half years and two years.
• Security: The motorbike itself serves as the security for the loan.
• Purpose: To help members acquire their own motorcycle to build a steady income.
• Payment plan: Weekly.
Requirements:
• LC1 letter.
• Stage letter for boda-boda riders.
• Business card if any.
• Two guarantors.
• National ID and passport photo for both applicant and guarantors.
• Must be willing to join the SACCO as a member.
2Emergency Loan
• Eligibility: Must be an active member with a minimum saving of UGX 100,000.
• Tenure: 1 to 2 months.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment plan: Monthly.
• Instant once you meet the requirements.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Tenure: 1 to 2 months.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment plan: Monthly.
• Instant once you meet the requirements.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
3Services and Repair Facility Loan
• Purpose: To ensure continuous maintenance and road worthiness of member vehicles.
• Eligibility: Member must have paid up to 30% of their existing bike loan amount.
• Benefit: Ensures consistent income by preventing mechanical breakdowns.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Eligibility: Member must have paid up to 30% of their existing bike loan amount.
• Benefit: Ensures consistent income by preventing mechanical breakdowns.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
4Ordinary Loan
• Borrowing Capacity: Up to 3 times share capital and 2 times savings.
• Purpose: General development, business capital or personal needs.
• Security: One Guarantor who should be a SACCO member in good standing.
• Application fee: 20,000ugx.
• Payment: Monthly.
• Interest rate: 15% per annum.
• This loan is instant as long as you meet the requirements.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Purpose: General development, business capital or personal needs.
• Security: One Guarantor who should be a SACCO member in good standing.
• Application fee: 20,000ugx.
• Payment: Monthly.
• Interest rate: 15% per annum.
• This loan is instant as long as you meet the requirements.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
5Accident Loan
• Minimum amount: UGX 500,000.
• Scope: Specifically designed to support members during unforeseen road incidents.
• Support provided: Covers medical emergencies and immediate vehicle repairs to restore the member’s income generating capacity as quickly as possible.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Scope: Specifically designed to support members during unforeseen road incidents.
• Support provided: Covers medical emergencies and immediate vehicle repairs to restore the member’s income generating capacity as quickly as possible.
• Security: Suitable collateral.
• Application fee: 20,000ugx.
• Interest rate: 15% per annum.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
6School Fees Loan
• Nature: A seasonal product targeting “Back to school” periods.
• Maximum Limit: 3,000,000.
• Eligibility: Must have paid at least 30% of the current bike loan amount.
• Security: Suitable collateral.
• Interest rate: 15% per annum.
• Payment: Monthly.
• Application fee: 20,000ugx.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Maximum Limit: 3,000,000.
• Eligibility: Must have paid at least 30% of the current bike loan amount.
• Security: Suitable collateral.
• Interest rate: 15% per annum.
• Payment: Monthly.
• Application fee: 20,000ugx.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
7Land Purchase Loan
• Purpose: Long-term wealth creation through property ownership.
• Mortgaging: We offer flexible mortgaging where the land title serves as security for the loan.
• SACCO Support: The SACCO assists in the legal verification of land titles to protect the member’s investment during the purpose process.
• Interest rate: 15% per annum.
• Application fee: 20,000ugx.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.
• Mortgaging: We offer flexible mortgaging where the land title serves as security for the loan.
• SACCO Support: The SACCO assists in the legal verification of land titles to protect the member’s investment during the purpose process.
• Interest rate: 15% per annum.
• Application fee: 20,000ugx.
• Payment: Monthly.
Requirements:
• At least one guarantor who should be an active SACCO member.
• National ID and passport photo for both applicant and guarantor.
• Must be an active SACCO member for at least 6 months.